Taiwan is a small island nation of the coast of Eastern Asia. It is a democracy, and probably the best friend of the United States in the region. Its people are friendly, hardworking and entrepreneurial. Within the past 50 years this country has created an economic miracle, earning the title “Tiger of Asia”, thanks to its embrace of the same values that we cherish in North America.
An Opportunity for Progress in U.S.-Taiwan Trade
by American Chamber of Commerce in Taiwan
Among the flurry of executive orders signed by U.S. President Donald Trump since taking office was one issued March 31 aimed at reducing the American trade deficit with countries with which the United States runs a significant trade imbalance. The order assigns the Secretary of Commerce and Office of the U.S. Trade Representative (USTR) – in consultation with other U.S. government departments including Treasury and Agriculture – to examine, country by country, the degree to which bilateral trade deficits are caused by “tariffs, non-tariff barriers, injurious dumping, injurious government subsidization, intellectual property theft, forced technology transfer, denial of worker rights and labor standards, and any other form of discrimination against the commerce of the United States.” Read More
Taiwan approved for U.S. arms buy worth nearly $1.4 billion
June 30 (UPI) — The U.S. State Department has approved seven foreign military sales deals with Taiwan for missiles, torpedoes and other equipment worth nearly $1.4 billion.
The proposed sale packages, which are expected to meet with disapproval with China, are the first arms deals for Taiwan — which China regards as a rebellious province — during the administration of President Donald Trump.
“This proposed sale is consistent with United States law and policy as expressed in Public Law 96-8,” the U.S. Defense Security Cooperation Agency, which manages the sales program, said in its notifications to Congress. “This proposed sale contributes to the foreign policy and national security of the United States by helping to improve the security and defensive capability of the recipient, which has been and continues to be an important force for political stability, military balance, and economic progress in the region.